« Top Headlines » Open DEMAT Account in 24 hrs  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session) «  CIT appeal dismissed... RBI modifies fund transfer system... » SC decides determinant for excise duty exemption March, 25th 2008 Manufacturers of shampoo, hair dye, lip smoothers and such other products sold in pouches get excise exemption if the weight of each pouch is less than 10 gm, though the whole carton containing the pouches may weigh more, according to the Supreme Court.   In its judgment, Commissioner of Central Excise vs Kraftech Products Inc, a number of cosmetic firms had challenged the demand of duty and imposition of penalty on them for not paying the levy fully, claiming exemption under Rule 34 of the Standards of Weights & Measures (Packaged Commodities) Rules.   The Excise Appellate Tribunals in Mumbai and Delhi had accepted the contention of the manufacturers. The Commissioner appealed arguing that the exemption was not available where several units are packaged together.   Dismissing the appeals, the Supreme Court said: When a lip smoother or a shampoo is packed in a carton keeping in view the quantity contained therein, the same cannot be said to be for retail sale. No person would ordinarily purchase for ones own use 72 lip smoothers or 500 pieces of shampoo. Thus, it is not a case where the goods are being sold in multi-piece package. Each sachet must be sold as a unit.